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40
€ 750,000

Property for sale in Iznájar, Andalusia

654 m² 7 9

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Description

This is a very large, and uniquely private, traditional cortijo of some 650 m2, built around an enclosed cobbled courtyard, which is entered via ancient wooden doors. It was renovated over a two year period by the present owners .
Very tastefully renovated with massive amounts of space and yet another wing to convert into further accommodation. Set on a hill above a tranquil valley in 8.000 m2 of olive groves, this wonderful property enjoys truly spectacular views and works equally well as a family home or as a rural tourism business.
There are two elements to the cortijo: the original farmhouse and a new wing created by the conversion of a former barn.
The accommodation in the farmhouse currently consists of fully equipped and very large kitchen/diner, 2 living rooms, one of which is over 40 m2, dining room, 7 bedrooms and 5 bathrooms (3 of them en suite). There are two balconies and many shady spaces in the garden and on the terraces.
The spacious new wing offers a bright, modern living space and comprises fully equipped kitchen, exceptionally spacious 56 m2 open-plan living room with giant wood burning stove, 3 bedrooms and 2 bathrooms.
The southernmost wing of the property is, as yet, undeveloped being used for storage and boilers etc. This wing, which enjoys views over the valley below, offers the possibility to create, perhaps, 4 more bedrooms on its two floors.
Outside, located a short distance from the farmhouse, there is a large 17m by 7m gated swimming pool with superb views over the valley to the Sierras beyond. The pool terrace is equipped with both toilet and shower. Access is via a part asphalted, part hard earth track approximately 1.5 ams long, which ends at the property.
Services
Mains water is connected and the property has two wells, one of which is drinking quality water, the other is suitable for irrigation. Three-phase electricity is connected and there is also solar power, both for electricity generation and for domestic hot water. The telephone is connected, there is excellent mobile coverage and broadband internet is available.
Location
The nearest village is 5 mins drive or 20 mins walk away. The whitewashed hilltop town of Iznajar with its lake can be reached in under 20 mins. The principal cities of Granada and Malaga, with their airports, are 70 mins away. Commercial Possibilities The property has been let in the summer months, since 2004, and enjoys an almost 100% occupancy, generating, on average, €40.000 - €60.000 p.a. If it were let for the whole year, and assuming a realistic occupancy rate, the potential income would likely exceed this. With a small further investment in converting the south wing into accommodation, this could be increased still further. The property would also make an ideal rural boutique hotel with, perhaps, 10 - 12 en suite bedrooms, subject to planning permissions.

500

Details

Rooms
9
Bedrooms
9
Bathrooms
7
External size
6,000 m²
Size
654 m²
Published on
3 April 2019
Reference
2146

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Granada - Andalusia

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Granada - Andalusia